The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.» Read More
Tactics like the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro, reports the New York Times.
Chatter of rate increases intensified this week. Now market pros are bracing for the end of easy money around the world.
Worries about Greece, its problems far from solved, have temporarily been put to the side, as traders shift focus to the more mundane January retail sales report Friday.
Though a bailout for Greece triggered a relief rally Thursday, details were few and far between. How should you trade as the market waits and worries.
Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.
The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
Much as I am sick of bailout nation, and bailout global nation, the European rescue of Greece was probably necessary to stop a total euro currency meltdown that might have triggered a worldwide debt deflation downward spiral.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
According to a German government spokesperson reports of aid for Greece are unfounded. If there’s no bailout in the works, how should you be trading?
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
The proposed new banking rules here in the U.S. caught many international bankers off guard and were one of the most prominent topics of discussion at the recent World Economic Forum in Davos.
Amid fears that go-it-alone moves such as President Barack Obama's plan to break up big banks will further hamper the fledging economic recovery, finance ministers and central bankers from the Group of Seven major industrial countries meet.
Global shares slid to three-month lows Friday, but the US market recovered in late trading, while the dollar and Treasurys rose.
Why would you ever want to be President? Everyone who comes to the job does so with some vision and dream and quickly has to learn how to dance the dance if anything is to be done. It's harder now than ever with the accumulated debt we have built up.
Catch me if you've heard this one before. A global crisis emerges from some obscure country, and the VIX surges by some mind-boggling amount.
Case in point, it seems the IMF is the only body that may have the legal capability to assist these countries in their time of need. This reminds me of something, what is it?
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
Government regulators from the U.S. and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.